Locked content Grupa Azoty enters 2nd credit agreement with EBRD

Chemical and fertilizer producer Grupa Azoty and European Bank for Reconstruction and Development (EBRD) signed a new long-term loan agreement and an annex to the long-term loan agreement from May 28, 2015, the company said. The second credit agreement with EBRD is for up to PLN 500 million and for ...

Locked content Over half medium-sized co’s have bank loan

More than a half (52 percent) of medium-sized companies and 42 percent of micro and small enterprises currently use bank loans, according to a study carried out in Q2 this year by CBM Indicator in cooperation with the Warsaw Institute of Banking (WIB) and the Polish Bank Association (ZBP). At the en...

Locked content Kopex prolongs PLN 620 mln debt restructuring with 7 banks

Polish mining equipment producer Kopex has landed a deal with banks on setting the key conditions of the group’s restructuring issue, the company informed in a market filing. The agreement was signed between Kopex (including its units) and such banks as PKO BP, Pekao, ING Bank Śląski, BGŻ BNP ...

Locked content Kopex prolongs PLN 359 mln loan from PKO BP

Polish mining equipment producer Kopex has prolonged a PLN 359 million credit line from listed bank PKO BP to August 31, the company said in a market filing. The credit line is available to Kopex and several of its units. Apart from this, the annex follows a similar extension of a PLN 66.2 million c...

Locked content Synthos gets a €220 mln revolving loan from 7 banks

Synthos, a producer of chemical resources, has signed a deal with seven banks to receive a €220 million revolving loan, the company said in a market filing. PKO BP is a loan and security agent. The list of creditors also includes BGŻ BNP Paribas, Bank Handlowy, Bank Zachodni WBK, HSCB Bank Polska, I...

Locked content Newag to get PLN 170 mln credit line from BZ WBK

Rolling stock producer Newag has made a deal with Polish commercial lender Bank Zachodni WBK in terms of receiving a credit line of up to PLN 170 million. According to the agreement, Bank WBK will provide Newag with an overdraft facility and term loan  for up to PLN 170 million in total. “The ...

Locked content Bank union suggests changes to the FX mortgage conversion law

The Polish Bank Association (ZBP) is proposing a number of changes that they think should be implemented into the law on foreign currency conversion of mortgage loans. The biggest threat to the sector’s stability, according to ZBP is the rule that 90 percent of the costs of such conversions sh...

Locked content Getin sells PLN 1.12 bln worth of non-performing loans

Getin Noble Bank has sold a package of non-performing loans worth PLN 1.12 billion, for a price of PLN 300 million to an international consortium, whose name has not been disclosed. The transaction will be carried out in two stages and will influence the bank’s financial result in 2014 and 2015, GNB...